Stock Play of the week

By IBTimes Staff Reporter | December 29 2009 12:28 AM

Industry: Computers Closing Price: 68.33 P/E: 15.4 Avg. Vol.: 18,033K

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Company Profile: Research In Motion Limited (RIM) designs, manufactures, and markets wireless solutions for the worldwide mobile communications market. The Company provides platforms and solutions for access to email, phone, SMS messaging, Internet, and Intranet-based applications.

Chart Setup: Buy Setup

Trading Strategy: We'll look to buy RIMM if it trades above 68.33 Place a stop under 67.24 Target 1: $71.50

SPW Update: VRSN was a valid entry and is close to Target 1. Move stop to Breakeven for the position and initiate a trailing stop

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